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Here from a), profit maximizing price = 7 and Q = 10. It is shown in the figure below:-
The consumer surplus is shown in blue area which is given as (9-7) *10*1/2 =10 dollar.
Monopoly with tax of 50 cents per unit
Here from c), profit maximizing price = 7.25 and Q = 8.75. It is shown in the figure below:-
The consumer surplus is shown in blue area which is given as (9-7.25 ) *8.75*1/2 =7.65625 dollar. Monopoly without tax, but with price ceiling of $6
Here from d), profit maximizing price = 7.5 and Q = 7.5. It is shown in the figure below:-
The consumer surplus is shown in blue area which is given as (9-7.5 ) *7.5*1/2 =5.625 dollar. * Perfectly competitive industry
In case of perfectly competitive,
MC = D
ð 5 = 45-5P
ð P = 8
And Q from equn i) is 5
So consumer surplus = ½ * (9-5)*5 =10 dollar.
All of the following fiscal policies will contribute to increasing budget deficits except: A. cuts in aid to farmers. B. tax cuts. C. increases in defense expenditures. D. increase
On the day his son was born, a father decided to establish a fund for his son's college education. The father wants the son to be able to withdraw $4000 from the fund on his 18th b
determinants of money supply
Determine the present worth of a geometric gradient series with a cash flow of $50,000 in year 1 and increases of 6% each year through year 8. The interest rate is 10% per year.
Q. Money market with inflation and rising money supply? Figure: The money market with inflation and rising money supply If we let π M refer the growth rate in money
Determine in detail about money supply of Central bank The central bank will not pay cash when it buys government securities. Instead, it will ask the seller's bank to credit t
Market questions come in two types: Type 1: you are given the exogenous variable change and you must shift the correct curve in the right direction and then determine the new pr
There are many other macroeconomic indicators which one might expect to be affected following an oil price hike. Perhaps more obviously affected than GNP is inflation. DePratto et
what are the limits of the trade between franci and galacia
Y= C+I+G C= 100,000000+ 0.4yd I= 400,00000 T= 0.2+60m G= 750, 000000 Calculate equilibrium level of income
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